a16z drops crypto branding, expands $2.2B fund into AI and frontier tech
Summary
Andreessen Horowitz renamed a16z Crypto to a16z Frontier and broadened its $2.2 billion fifth fund beyond crypto to emerging technologies, particularly AI, autonomous machines and new networks. Managing partner Chris Dixon said the firm will continue investing in crypto and advocating for crypto regulation, with blockchains and stablecoins still relevant to financial services and transactions between software agents. The expanded strategy also covers businesses with little direct connection to crypto. The firm has not said how much fund capital may go to non-crypto investments or whether the rebrand changes the fund vehicles’ legal names.
